The Moinian Group Leases 4500 SF Commercial Space To Teremana In Nomad At $65/ft
LEASED
$65
+ 2
New York
See Similar DealsCommercial4,500 SF
Leased 01/12/2024
LEASED
The Moinian Group Leases 4500 SF Commercial Space To Teremana In Nomad At $65/ft
245 5th Avenue
See Similar DealsCommercial4,500 SF
Leased 01/12/2024
+ 2
Summary
NEW YORK
Asset Type:Commercial
Price Per Square Foot:$65
Total Square Footage:4,500 SF
Transaction Type:Lease
The commercial property located at 245 5th Avenue in the Nomad market has been leased. The asset spans 4,500 square feet and was leased by Teremana (Siete Bucks Spirits) from The Moinian Group. The asking rent for the lease was $65 per square foot.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Lease
- Address: 245 5th Avenue
- Market: Nomad
The landlord, The Moinian Group, was represented by Ron LoRusso, Pierce Hance, Harley Dalton, and Peter Kerans from Cushman & Wakefield. Yossi Capland from Compass represented the tenant, Teremana (Siete Bucks Spirits).
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$335,318.47
Total Lease Value
$3,353,184.70
Net Landlord Cash Flow$335,318.47
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